Audio By Carbonatix
The Bank of Ghana (BoG) says an untraceable investments amounting to ¢116.7 million of collapsed Microfinance Finance Companies (MFCs), Savings and Loans Companies (S&Ls) and Finance House Companies have been identified.
The Central Bank has indicated that it will require the assistance of the Economic and Organised Crime Office (EOCO) to conduct further investigations.
According to the BoG, the highest amount of ¢20.69 million discovered was linked to Accent Financial Services, which placed the said amount with Capital and More Microfinance.
The least amount was ¢533,132 linked to Express Savings and Loans Company and the fund placed with Senaf Investments.
According to the Receiver (Eric Nana Nipah), all attempts to trace the whereabouts of the investment companies have been unsuccessful.
“We are in the process of transmitting a formal request through BoG to EOCO to trace these non-operational institutions and assist with recovery of the funds”, he said.
Latest Stories
-
Nearly 2,000 displaced, schools damaged as windstorm wreaks havoc in Gushegu
4 minutes -
Ghana’s Derrick Kohn to work under Marie-Louise Eta as she becomes first woman to coach men’s Bundesliga team
8 minutes -
Accra Open Championships conclude with strong performances ahead of African Championships
16 minutes -
Ghana to begin camping with 12 athletes after Accra Open Championships – Bawa Fuseni
37 minutes -
Anthony Joshua declines showdown with Tyson Fury but admits they ‘probably’ clash next
50 minutes -
Tyson Fury dominates Makhmudov, calls out Joshua next
1 hour -
I have supported highway authority financially to fix roads in my constituency – A Plus
2 hours -
US, Iran fail to reach peace agreement after marathon talks in Pakistan
3 hours -
ECG kicks off Phase Two of transformer upgrades at Lashibi; brief outages expected
3 hours -
Port crises loom as 11,000 drivers threaten four-day strike
4 hours -
A source of excellence across generations – Vice President Opoku-Agyemang lauds Mfantsipim
5 hours -
(Photos) Mfantsipim School launches historic 150th anniversary
5 hours -
Knights and Ladies of Marshall group backs Catholic Bishops’ stance on anti-LGBTQ+
6 hours -
Bright Simons: All the Filla in the Ibrahim Mahama/E&P – Gold Fields Saga
7 hours -
Monetise Idiocy In Ghana
7 hours